Tripcom Group Surges to 195th in Trading Volume with 3.85 Billion Turnover

Generado por agente de IAAinvest Volume Radar
miércoles, 18 de junio de 2025, 8:00 pm ET1 min de lectura
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On June 18, 2025, Trip.com GroupCOM-- (TCOM) saw a significant surge in trading volume, with a turnover of 3.85 billion, marking a 128.05% increase from the previous day. This substantial rise placed Trip.com at the 195th position in terms of trading volume for the day. Meanwhile, Ctrip (TCOM) experienced a decline of 6.74%.

Trip.com Group has announced a share repurchase agreement with MakeMyTripMMYT--, contingent upon the latter's public offering of ordinary shares and convertible senior notes. This agreement includes an 180-day lock-up period, indicating a strategic move by Trip.com to manage its stake in MakeMyTrip.

In a related development, Trip.com has revealed plans to sell a portion of its Class B ordinary shares in MakeMyTrip back to the company for cancellation. This move is part of a broader strategy to optimize its investment portfolio and enhance shareholder value.

MakeMyTrip has announced that it will use the net proceeds from its Primary Equity Offering and Notes Offering to repurchase a portion of its Class B shares from Trip.com. This transaction is expected to strengthen MakeMyTrip's financial position and provide liquidity for Trip.com to pursue other strategic initiatives.

Analysts expect that Trip.com will utilize part of the proceeds from the MakeMyTrip sale, combined with buybacks and dividends, to improve shareholder returns. This strategic maneuver is aimed at enhancing the overall financial health and market performance of Trip.com Group.

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